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Commercial and financial policies in family firms: The Small Business Growth Management Flight Simulator

Author

Listed:
  • Carmine Bianchi

    (Universities of Foggia and Palermo, Italy)

  • Enzo Bivona

    (University of Bergen, Norway)

Abstract

An interactive learning environment (ILE) was built to reproduce the budgeting process of a small family-owned entrepreneurial firm and to capture how current decisions affect business growth in a longer time horizon. The ILE matches the accounting-related perspective through which spreadsheet-based budgets are drawn up, with the system dynamics (SD) view. Such a goal has been pursued through a connection of traditional Excel spreadsheets with POWERSIM SD models. Playing the SMALL BUSINESS GROWTH MANAGEMENT FLIGHT SIMULATOR allows one to learn how (a) to draw up a budget based on an SD perspective, (b) long-term goals may be affected by current decisions, (c) business/family survival and growth are strongly influenced by current policies, and (d) linking short-to medium-and long-term policies and commercial to financial and equity management issues is critical to business growth .

Suggested Citation

  • Carmine Bianchi & Enzo Bivona, 2000. "Commercial and financial policies in family firms: The Small Business Growth Management Flight Simulator," Simulation & Gaming, , vol. 31(2), pages 197-229, June.
    • Handle: RePEc:sae:simgam:v:31:y:2000:i:2:p:197-229
    DOI: 10.1177/104687810003100206
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